JSC Halyk Bank: Halyk Bank has decided to partially prepay its $750million Eurobond issue

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JSC Halyk Bank (HSBK) 
JSC Halyk Bank: Halyk Bank has decided to partially prepay its $750million 
Eurobond issue 
 
30-Jan-2019 / 07:55 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                   PRESS-RELEASE 
 
 Halyk Bank has decided to partially prepay its $750million Eurobond issue 
 
30 January 2019 
 
   Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE: 
    HSBK) has decided to partially prepay its USD 750,000,000 Eurobond issue 
  bearing 5.5% coupon rate due 2022 (the Notes). The partial prepayment will 
 be made for the amount of USD 200,000,000 on 1 March 2019 together with the 
         interest accrued but unpaid. The partial prepayment will be made to 
   bondholders proportionally to their holdings of the Notes. The prepayment 
       will be made in accordance with the Terms and Conditions of the Notes 
    (Condition 8 (?) "Redemption at the option of the Bank"). The respective 
                   notice has been sent to noteholders via clearing systems. 
 
     This partial prepayment will allow the Bank to optimize its capital and 
            funding costs utilizing the excessive USD liquidity of the Bank. 
 
                                      About Halyk Bank 
 
      Halyk Bank is Kazakhstan's leading financial services group, operating 
    across a variety of segments, including retail, SME & corporate banking, 
     insurance, leasing, brokerage and asset management. Halyk Bank has been 
  listed on the Kazakhstan Stock Exchange since 1998 and on the London Stock 
    Exchange since 2006. Halyk Bank has the highest ratings (Moody's - Ba1 / 
  Fitch - BB / S&P - BB) among Kazakhstan second-tier banks (without foreign 
                                      participation). 
 
In July 2017, the Bank purchased majority stake in Kazkommertsbank JSC - the 
  second largest Bank in Kazakhstan by total assets - and merged it fully in 
                                      July 2018. 
 
With total assets of KZT 8,389.9 billion as at 30 September 2018, Halyk Bank 
  is Kazakhstan's leading lender. The Bank has the largest customer base and 
 broadest branch network in Kazakhstan, with 656 branches and outlets across 
      the country. The Bank also operates in Georgia, Kyrgyzstan, Russia and 
                                      Tajikistan. 
 
   For more information on Halyk Bank, please visit https://www.halykbank.kz 
                                      [1] 
 
                   - ENDS- 
 
For further information, please contact: 
 
Halyk Bank 
 
Viktor Skryl          [phone] 
Mira Kasenova         [phone] 
Karashash Karymsakova [phone] 
 
ISIN:          US46627J3023 
Category Code: MSCM 
TIDM:          HSBK 
Sequence No.:  7288 
EQS News ID:   770849 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=4730ea9b4fc003a3688c4d47ac583595&application_id=770849&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

January 30, 2019 01:55 ET (06:55 GMT)